Citibank survey: One in 15 in Hong Kong is a multimillionaire

HONG KONG (China Daily/ANN): Covid-19 doesn’t stop the rich from getting richer – a survey released on Monday (Sept 21)showed that the number of Hong Kong’s multimillionaires increased by 22 per cent to 504,000 as of May, with the median of net assets standing at HK$17 million (US$2.2 million).

In the Citibank survey, multimillionaires are defined as those with total net assets of over HK$10 million, and liquid assets of at least HK$1 million.